Beltsville Shallow-Bay Flex Portfolio

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the

Owner, is pleased to present this opportunity to purchase the leasehold interest

in the Beltsville Shallow-Bay/Flex Portfolio (the “Property”), a three-building

shallow-bay/flex portfolio located at 8000, 9000 and 10000 Virginia Manor

Road in Beltsville, Maryland. The Property is 100% leased to 12 tenants with 3.8

years of weighted average lease term (“WALT”). Located less than one mile east

of I-95, the Beltsville Shallow-Bay/Flex Portfolio offers near-immediate access

to the region’s largest north-south thoroughfare, providing equidistant travel

to both Washington, DC and Baltimore. Local connectivity is also provided by

the transformative Intercounty Connector (MD Route 200), which provides local

tenants with convenient commute times by connecting the Maryland suburbs

between I-270 and I-95.

The Beltsville flex submarket boasts a 4.8% vacancy rate and 48% rent growth

since 2015, benefiting from supply constraints that have resulted in no new flex

deliveries in the last 17 years. Investors will therefore have the opportunity to

capitalize on mark-to-market upside as existing tenants expire.

Institutionally owned and maintained to the highest standards for over 30

years, the Properties’ appeal is evidenced by its stabilized occupancy, diverse

and long-standing tenant mix (including 7 tenants, combining for over 108,000

RSF, that have been at the Property for over 10 years), functional features

including 18’-26’ clear heights, 22 loading positions (docks + drive-ins) with

ability to create additional loading, and a versatile rear load configuration on

each building. Built between 1988 and 1990, the three assets offer a balance of

established infrastructure, consistent investment from ownership, and potential

for continued value-add improvements. Accordingly, the Beltsville Shallow-Bay/

Flex Portfolio presents a unique opportunity to acquire fully leased shallow-bay/flex

assets with immediate cash flow and substantial rent growth potential in the

outperforming Beltsville submarket.